These Are NYC’s Most Expensive Neighborhoods In 2023

StreetEasy released its annual year in review for 2023 and let’s just say some money was spent on NYC real estate this year—$40,232,297,797 to be exact. Yes, that could get you a lotttt of dollar slice.

Each year, the study takes a look at the most–saved rentals, most-searched amenities, and of course, the most expensive neighborhoods.

When considering the asking prices for homes to purchase in each neighborhood, SoHo came out on top as the most expensive NYC neighborhood in 2023. However, it’s not the first time the trendy, cobble stone streets of this Lower Manhattan area landed at first place. It was also the most expensive neighborhood according to sales in  2022.

Most expensive NYC neighborhoods in 2023 (according to sales)

1. SoHo, Manhattan: $4,250,000
2. Tribeca, Manhattan: $3,950,000
3. Nolita, Manhattan: $2,822,500
4. Flatiron District, Manhattan: $2,553,000
5. Carroll Gardens, Brooklyn: $2,395,000
6. Midtown, Manhattan: $2,300,000 ⁽⁺⁴⁾
7. Boerum Hill, Brooklyn: $2,295,000 ⁽⁺⁵⁾
8. Little Italy, Manhattan: $2,272,500 ^(-1)
9. Red Hook, Brooklyn: $2,270,000 ^(-3)
10. Chelsea, Manhattan: $2,195,000 ^(-1)

Most expensive NYC neighborhoods in 2022 (according to sales)

1. Midtown East
2. West Village
3. Greenwich Village
4. Chelsea
5. Midtown West
6. Williamsburg
7. SoHo
8. Flatiron District
9. Gramercy Park
10. East Village

However, if you’re weren’t in the market to buy, rankings of the most expensive neighborhoods differed for rentals.

Most expensive NYC neighborhoods in 2023 (according to rentals)

1. Tribeca, Manhattan: $8,090
2. DUMBO, Brooklyn: $5,695 ⁽⁺¹⁾
3. Flatiron District, Manhattan: $5,650 ^(-1)
4. SoHo, Manhattan: $5,350
5. Battery Park City, Manhattan: $5,240
6. Chelsea, Manhattan: $5,000
7. West Village, Manhattan: $4,900
8. Midtown, Manhattan: $4,800 ⁽⁺¹⁾
9. Midtown South, Manhattan: $4,700 ^(-1)
10. Greenwich Village, Manhattan: $4,695 ⁽⁺¹⁾

Most expensive NYC neighborhoods in 2022 (according to rentals)

1. Tribeca
2. Flatiron District
3. DUMBO
4. SoHo
5. Battery Park City
6. Chelsea
7. West Village
8. Midtown South
9. Midtown
10. Nolita

So if your heart is set on SoHo, you might find it more fiscally possible to rent right now rather than buy.

Explore the rest of the collected data like the most expensive listing sold (spoiler: it was $65.6M listing on Park Avenue) or the neighborhoods with the largest increase in inventory here.

The post These Are NYC’s Most Expensive Neighborhoods In 2023 appeared first on Secret NYC.

* This article was originally published here